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Bernanke defends AIG rescue, says U.S. had no choice.
BULLSHIT!!
AIG must be broken up, and the business units that are rotten must fail. No more sucking at the public teat for this INSURANCE company.
Any company that is "too big to (allow to) fail" must be broken into smaller, leaner, more efficient units. If it's "too big to fail", it's "too big to exist".
Mitigating risk by removing the "all your eggs in a few huge, incestuous baskets" problems sounds like good fiscal management to me.
No choice? A steaming pile of horseshit. Someone needs to find where they've got the leash on Bernanke to make his say crap like that.
BULLSHIT!!
AIG must be broken up, and the business units that are rotten must fail. No more sucking at the public teat for this INSURANCE company.
Any company that is "too big to (allow to) fail" must be broken into smaller, leaner, more efficient units. If it's "too big to fail", it's "too big to exist".
Mitigating risk by removing the "all your eggs in a few huge, incestuous baskets" problems sounds like good fiscal management to me.
No choice? A steaming pile of horseshit. Someone needs to find where they've got the leash on Bernanke to make his say crap like that.
